Newcrest Mining is one of Australia's largest gold and copper producers. The company was established in 1994 and is headquartered in Melbourne, Australia. Newcrest Mining has a diverse portfolio of gold and copper assets, which are located in the Asia Pacific, North America, Africa, and Europe. The company is a major producer of gold and copper, with a focus on exploration, development, and production. The company also has a range of other interests including exploration, processing, and marketing of gold and copper.
Newcrest Mining has a long history of dividend payments to shareholders. The company paid dividends for more than 20 years, from its inception in 1994 to the end of 2019. The dividend payout ratio, which measures how much of the company's earnings are paid out to shareholders as dividends, has been consistently above 50%. In recent years, the company has increased its dividend payout ratio in response to higher gold and copper prices.
Newcrest Mining Dividend History - 1994 to 2019
Newcrest Mining has paid consistent dividends over the past 25 years. The company has paid a total of $8.2 billion in dividends since 1994, with an average annual dividend of $0.11 per share. The dividend yield for Newcrest Mining has ranged from 0.6% to 4.7% over the past 25 years.
The company has increased its dividend payout ratio over the past 25 years, from an average of 32% in the mid-1990s to more than 50% in recent years. The dividend payout ratio is a measure of how much of the company's earnings are paid out to shareholders as dividends. A higher dividend payout ratio indicates that the company is paying out more of its earnings as dividends and is an indication of a company's commitment to rewarding shareholders with dividends.
Newcrest Mining Dividend History - 2020 to 2023
Newcrest Mining has continued to pay dividends to shareholders in 2020 and 2021, despite the challenging economic environment. The company paid a dividend of $0.10 per share in 2020 and is expected to pay a dividend of $0.12 per share in 2021. The company's dividend payout ratio has increased to more than 55% in 2021, indicating the company's commitment to rewarding shareholders with dividends.
The company is expected to maintain its dividend payout ratio in the range of 50-60% in the coming years. This is in line with the company's long-term commitment to rewarding shareholders with dividends. The company is also expected to continue to increase its dividend payout ratio as gold and copper prices increase.
Conclusion
Newcrest Mining has a long history of dividend payments to shareholders. The company has paid consistent dividends for more than 20 years, with an average annual dividend of $0.11 per share. The company has increased its dividend payout ratio in recent years, in response to higher gold and copper prices. The company is expected to maintain its dividend payout ratio in the range of 50-60% in the coming years, as gold and copper prices increase.